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THOGAIL LTD

Registered Number
11194768
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

THOGAIL LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

CULHANE, Kevin
MADIGAN, John
MURPHY, Michael

Registered Address

3rd Floor 21 Godliman Street
London
EC4V 5BD

Registered Number

11194768 (England and Wales)
THOGAIL LTD
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property31,218,9421,218,942
1,218,9421,218,942
Current assets
Cash at bank and on hand25,616184,982
25,616184,982
Creditors amounts falling due within one year4(557,543)(624,995)
Net current assets (liabilities)(531,927)(440,013)
Total assets less current liabilities687,015778,929
Creditors amounts falling due after one year5(780,000)(780,000)
Net assets(92,985)(1,071)
Capital and reserves
Called up share capital300300
Profit and loss account(93,285)(1,371)
Shareholders' funds(92,985)(1,071)
The financial statements were approved and authorised for issue by the Board of Directors on 14 March 2024, and are signed on its behalf by:
MURPHY, Michael
Director
Registered Company No. 11194768
THOGAIL LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20232022
Average number of employees during the year33
3.Investment property

£
Fair value at 01 July 221,218,942
At 30 June 231,218,942
4.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties557,243491,090
Other creditors-133,605
Accrued liabilities and deferred income300300
Total557,543624,995
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts780,000780,000
Total780,000780,000
There is a fixed and floating charge, over the property situate known as 302 Trinity Road, containing a negative pledge, to the benefit of Commercial Acceptances Limited.